XRG plans to buy stake in Faca Muerte basin
XRG and Eni announced that they have signed agreements to each acquire a 32% stake in three exploration, development, and production areas in the Vaca Muerta Basin in Argentina, aimed at supporting the 12 million-ton-per-year liquefied natural gas (LNG) project. This investment seeks to enhance the company's capabilities in LNG and provide long-term resources to meet global demand. A final investment decision is expected to be made in 2027. The project connects the resources of the Vaca Muerta Basin to international markets and is considered one of the most important LNG export projects in the world.
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